Futures are down, 10 points as I write this post, but I think the most probable path is an initial UP move, testing the 2690/2700 zone, even going as far as 2736, then DOWN.
I would have been more bullish. with a substantial UP day on Monday but it does appear as if this TARIFF fiasco is not going to end soon, and not good., as we hear more trash talk from Trump. Note that imposition of those tariffs will translate into higher prices in some sectors of the economy. Maybe, a few 1K daily DOW daily declines will persuade Trump that he is playing with fire and his beloved Trump rally can quickly turn into a punishing bear market.
In addition, FED Chair Powell has not, as yet, shown he is capable of handling this potentially difficult transition.
Edited by dTraderB, 04 March 2018 - 06:49 PM.